Originally posted by @Cameron Skinner:no it means if you buy a home that is your primary residence for 100k and sell in a year for 200k you will owe tax on 50k 50% of you 100k profit because you lived in it half the time needed for a full exclusion, if you live in it 18 months you would owe tax on 25k of the profit The maximum exclusion is for really high priced homes for example If you buy a home that is your primary residence for 1,000,000 and sell for 1,750,000 in 2 years you woul owe tax on 250,000.  750,000 profit on sale less up to 500k exclusion for married filing joint Incorrect. that is only for certain limited circumstances such as job transfer, loss of job, etc.

If vacancy is the issue couldn't a buyer(s) be prescreened to allow the smooth transfer between the current owner and a new tenant?

If not you may have to go into the tax assessor and show them your documentation and have them transfer the name on the property to you.  

5) When does title actually transfer from the mortgagor to the lender?

She doesn't want to pay the property taxes and did not want to jump to any hoops of transferring the property to her name even though the father had left a will letting her make all the executive decision of any properties he own.

I couldn't find any lender who will give a conventional loan to a LLC so I got the mortgage in my name and the idea was to transfer it to LLC after closing.

If you buy properties using a 1031 exchange and the property you sold was in your name, can you subsequently transfer ownership to an LLC without triggering a capital gains bill from the IRS since its not in your name anymore?

Those after pics look amazing, hopefully the lessons learned on this one transfer to higher profits on the next

You can transfer the property into the company (if you choose one) afterwards.

The reason for that is because in most instances, the deed to the property is transferred to the Buyer upon signing the Note.When you have a C4D the title to the property remains in your name until the terms of the Contract are honored.